Monday, 4 May 2020

LIC policy premium payments using NET banking

LIC premiums can be paid by using Net Banking accounts with the following banks: For Authorized Banks Click Here. Other modes of payment are Debit-Cards (VISA/MASTER/RUPAY), Wallets, Payment banks, UPI and Credit cards (AMEX/VISA/MASTER/RUPAY). There are no charges for payment through Debit-card, Net-banking, Wallet and UPI.


LIC of India waives off charges on Credit card payments, Visit :

https://economictimes.indiatimes.com/wealth/personal-finance-news/lic-waives-off-charges-on-credit-card-payments/articleshow/72344117.cms?from=mdr


The premium receipt for the payment through Portal/Pay Direct can be printed online and will also be e-mailed to the Policy Holder at the same time. Simultaneously successful/unsuccessful transaction message will be flashed.


If the premium amount is debited from the Policyholder’s Bank Account but error page displayed it may be due to session timed out or network error. In such case, a receipt will be sent to his profile email id in three working days after receiving the confirmation from his Bank. The premium receipt will also be available under his PORTAL under My app->Basic Services->Online Payment Receipts.


The policyholder must check the bank account before trying for the second payment for the same due. If the bank account is debited they are requested not to attempt for the second payment.


If the amount is debited twice for the same due, it is refunded to the service provider, who in turn transfers the amount to the customer’s bank/card issuer.

Benefits

· This is a simple process with a one-time enrollment of the policies.

· Premium can be paid anytime and anywhere.

· Valid premium receipt is received instantly.

· It is also a secure arrangement, as the policy data is not shared between LIC and service provider.

· There are no charges for payments made through Debit Card / Net-banking / UPI/e-wallets.


For any further clarification please use our SMS helpline. SMS 

LICHELP < Policy Number > and send it to 92224 92224. 

 

Our Customer Zone Executive will shortly contact to resolve your query.

LIC Call Center Services is also available 24 x 7 at 022-68276827.

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